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Metals Australia Ltd.
Summary
| Project: | Lac Rainy | |
|---|---|---|
| Deposit: | Lac Rainy | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 8/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2019: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Lac Rainy deposit at the Lac Rainy project. Drilling results incl. 28.40m @ 15.89% Cg from 30.50m. Metals Australia Ltd (ASX: MLS) has now announced results for fifte | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean-Paul Barrette (Magnor Exploration Inc.) | |
| ABSTRACT: | Metals Australia Ltd (ASX: MLS) has now announced results for fifteen (15) holes with the results of the final two (2) holes remaining outstanding from the seventeen (17) hole diamond drilling program completed at the Company’s 100%-owned Lac Rainy Graphite Project, located in Quebec, Canada. The drilling program has been very successful, with each drill hole intersecting graphite mineralisation varying from mid-grade to very high-grade, with significant graphite mineralisation being encountered close to surface, suggesting a shallow mineralised ore body, which is gently dipping to the north-west. To date, eleven (11) drill holes from the seventeen (17) hole drilling program, including the two holes reported here, have ended in graphite mineralisation and remain open at depth. This shows that the graphite mineralisation at Lac Rainy could potentially be substantially increased in size by deeper drilling. As part of the next phase of exploration at Lac Rainy, the Company will be drilling beneath the existing zone of mineralisation, with additional holes planned along strike to the north-west and closer spaced holes. The graphite mineralised strike length that has been mapped and sampled so far exceeds 3,200 meters in length. A further mapping and sampling program has recently been completed with a number of new graphite mineralised zones identified and mapped on surface. Samples have been collected for assay and will be submitted to the assay laboratory shortly. The field mapping and sampling campaign is intended to increase the graphite mineralised strike length beyond the current 3,200 meters. | |
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